Housing and Urban Development Corporation Ltd provides long term finance for construction of houses and to undertake housing and urban infrastructure development programs in India. It offers loans for housing projects, such as urban and rural housing, co-operative housing, community toilets, slum upgradation, staff housing, repairs and renewals, private sector projects, land acquisition, and housing programs; take out finance for housing and infrastructure projects to state government, public agencies, and private corporate sector agencies; loans for implementing agencies comprising state government bodies, co-operative societies, corporate employers, and community sectors; and building technology and rent to own schemes.

It also provides finance for infrastructure projects in the sectors of water supply, sewerage, drainage, solid waste management, roads and transport, and electricity in the urban areas; and social infrastructure component, such as play/primary schools, working women hostels, health centers, play grounds, police stations, courts, jails, crematorium, etc. In addition, the company offers consultancy services, including URP services, environmental engineering, and government programs consultancy services; and disaster mitigation services.

Further it provides home loans for individuals. Housing and Urban Development Corporation Ltd was founded in 1970 and is based in New Delhi, India.

OBJECTS OF THE ISSUE:

The objects of the Offer are to:

carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of Company’s pre-Offer paid up Equity Share capital of Company;

achieve the benefits of listing the Equity Shares on the Stock Exchanges.

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